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Rakesh Jhunjhunwala is considered to be the greatest investor in Indian Market. He is supposed to have made Rs 5000 crores by just investing Rs 5000 in Indian Stock Market. Rakesh Jhunjhunwala guru mantra to be successful in stock market is as enumerated below:

(a) He advises people to become interested in a stock when none is interested in the same stock. As per him BUY RIGHT & HOLD TIGHT for years to come. He has been holding few stocks for last 10 years and he is still minting money from those stocks.

(b) He further advises that one should not follow big investors blindly as their risk profile and long term goals with time frame may be difficult to be followed by retail investor.

(c) Market is supreme and every thing is reflected in the price and thus their is no point in fighting the trend as market is always right.

(d) One should be able to create a balance between the fear and greed.

(e) As per his words one has to learn the stock market trading as none can teach the market as stock market experience is the best teacher.

Thus follow Rakesh Jhunjhunwala advice in stock market, BE PATIENT and grow big like Warren Buffet or this iconic man from Dalaal Street.

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Friday, January 29, 2010

Lupin Pharma receives US nod for heart drug

Pharma firm Lupin today said its US-based subsidiary Lupin Pharmaceuticals Inc has received approval from the US drug regulator for Perindopril Erbumine tablets, used in treatment of heart disease.

The company has received final approval from the US Food and Drug Administration (US FDA) for its Perindopril Erbumine tablets in the strengths of 2mg, 4mg and 8mg, Lupin said in a statement to the Bombay Stock Exchange.

According to Mumbai-based drug manufacturer, "commercial shipments of the product will commence shortly."

The tablets are indicated for the treatment of patients with essential hypertension and can be used with conventional treatment for management of coronary artery disease, it said.

Headquartered in Baltimore, Lupin Pharmaceuticals Inc is the US wholly-owned subsidiary of Lupin Ltd.

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.

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